1,052,211
Breath holding.
Laughing.
Crying.
Threatening.
Exhaling.
It's a thrill ride!
Then drinking! Best part
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Doug Dawes
Topsfield, MA
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Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Richard Weeks
Dallas, TX
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
6,393,404
Exchange of goods and services.
ie, keys for cash.
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Doug Dawes
Topsfield, MA
-
Dominique Needham
Taylorsville, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Bob Crane
Stevens Point, WI
-
Debe Maxwell, CRS
Charlotte, NC
417,221
Can take an hour or more. Borrowers bring current ID. They sign 100 times if getting a loan. The notary thumbprints them. In wet funding states everything happens on that day -money wired, lender funds, deal records so every number is already reviewed before this day
In dry funding states the Borrower signs in the morning and may run to the bank to wire but it is recorded on following working day.
Deal is buttoned down done
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John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Dominique Needham
Taylorsville, UT
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
5,230,079
Everything is signed, sealed & delivered!
Then, we CELEBRATE!
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Richard Weeks
Dallas, TX
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
1,231,853
Pay Day!!!
-
Doug Dawes
Topsfield, MA
-
Dominique Needham
Taylorsville, UT
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
1,844,301
hopefully no assaults, no screaming, lots of paper shuffling.
-
Doug Dawes
Topsfield, MA
-
Brenda Mayette
Glenville, NY
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
5,772,575
The transaction is done, signed, sealed and delivery of check. A
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John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Mary Yonkers
Erie, PA
1,543,817
Some get paid others get keys!
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John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Lyn Sims
Schaumburg, IL
-
Nina Hollander, Broker
Charlotte, NC
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,311,397
Buyers and sellers sign all appropriate paperwork, including deed, loan documents, recording escrow instructions and much more. The lender sends the loan funds. The buyers deposit the rest of their down payment. All of that happens on day 1. On day 2, the deed records, the transaction closes, escrow closes, the property changes hands money is dispersed to the pertinent parties.
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Doug Dawes
Topsfield, MA
-
Dominique Needham
Taylorsville, UT
-
Kris Collis, Associate...
East Stroudsburg, PA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
644,025
Settlements are made and transactions closed.
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
5,583,278
Papers pass and the deed is recorded....the commissions are paid after the property closes.... yay
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John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
-
Debe Maxwell, CRS
Charlotte, NC
679,404
Alot of great answers. I will stand will John Juarez answer!
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John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
-
Bob "RealMan" Timm
Minot, ND
7,836,134
Hopefully, the settlement takes place. That is when the transaction is completed.
-
Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
-
Diana Dahlberg
Pleasant Prairie, WI
-
Debe Maxwell, CRS
Charlotte, NC
5,104,931
A property passes from one owner to another.
-
Doug Dawes
Topsfield, MA
-
Anthony Acosta - ALLAT...
Atlanta, GA
-
Brenda Mayette
Glenville, NY
2,220,323
You have many great answers here. Good luck with your studies.
-
Doug Dawes
Topsfield, MA
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
2,390,620
The title changes hands Dominique Needham
-
John Juarez
Fremont, CA
-
Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
1,196,798
Lots of paper signing then exchange of keys to smiling shell shocked buyers then PAY DAY
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Anthony Acosta - ALLAT...
Atlanta, GA
-
Doug Dawes
Topsfield, MA
1,725,996
Ask your instructor. He is lazy
-
Doug Dawes
Topsfield, MA
-
Brenda Mayette
Glenville, NY
628,814
If everyone signs you get paid!
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Doug Dawes
Topsfield, MA
-
Debe Maxwell, CRS
Charlotte, NC
1,712,676
I think you are getting ahead of yourself. There are other things to learn first.
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
1,239,901
Rotate you photo first.
The owners possess the property after recording. Getting close...
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Doug Dawes
Topsfield, MA
-
Bob "RealMan" Timm
Minot, ND
921,504
Things and understanding get turned 'right side up' in your case or upside down for those who were not well represented.
It really gets exciting when the title agent hands to buyer a check from money from the owner. The owner is livid because the owner thought the PROFESSIONAL FEES paid were to compensate the brokers involved. NOT to pay the buyer!!
HINT: don't allow buyer and seller to close at the same time.
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Doug Dawes
Topsfield, MA
3,416,038
My favoirte day, here in NH the buyer and seller sit at the closing table. All cosing docs are signed, the buyer hands over their funds. The closer goes back and records the sale electrinically. The sale is considered closed and the seller gets their proceedsand the buyer gets the keys
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Doug Dawes
Topsfield, MA
2,241,053
Sometimes the buyer has kids on board climbing the wall of legal book shelves and had one with house keys stuck in an electrical outlet that blew the circuit. More than slide the check this direction happens at a real estate closing.
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Doug Dawes
Topsfield, MA
851,242
Lots and lots of signatures and hopefully, lots and lots of smiles.
-
Doug Dawes
Topsfield, MA
1,197,152
Documents are signed and funds are transferred.
-
Doug Dawes
Topsfield, MA
4,882,355
Sellers signs some papers. If there is a loan the buyer signs more papers. The agents sit there and drink a free coke or a cup of coffee. If all is in order funds are released. Agents get paid.
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Doug Dawes
Topsfield, MA
2,845
1,598,452
5,868,554
2,061,803
It might be worth you while to go into a local real estate office and ask some professionals these questions... face-to-face. You're far less likely to get glib and sarcastic responses.
911,338
Fights, yelling, screaming, attempst to extort $, etc. you should ask " What is suppose to happen at a settlement or closing?
1,502,998
We don't have settlements here. Escrow handles it all, buyer and seller never meet and title records the deed.
3,345,091
716,049
900,128
Lots of documents are signed - often mortgages, deeds, notes, other exchanges. Buyer gets a house and a loan, seller pays off a mortgage and gets some money out of his home.
5,216,398